International News

Australian grocery giant Woolworths said on Tuesday that it will now accept UnionPay cards, China's leading debit and credit cards, at its stores. Woolworths will offer all forms of UnionPay payment, including the contact-less mobile based transactions at its terminals,...

China's recent recovery in luxury spending may boost sales of department store operators and high-end retailers in the country, according to global ratings agency Fitch. Reports from international brands such as Coach, Swatch and LVMH suggest luxury spending in China...

US coffeehouse chain, Starbucks has pledged to hire 10,000 refugees over the next five years in the 75 countries where it does business in response to President Donald Trump's order banning travel from seven Muslim majority countries, the media...

In a bid to expand online payment business in the US after a successful run in India with Paytm, Chinese e-commerce giant Alibaba's digital payments arm Ant Financial has bought global money-transfer service MoneyGram for nearly $880 million. The transaction...

According to Credit Suisse analysts led by Eugene Klerk, with a current market cap of $390 billion, Amazon is now worth more than the top eight traditional brick-and-mortar retailers combined. The note by the analysts' goes on to say that the Seattle-based retail...

Japan's consumer prices dropped for the first time in four years in 2016 by 0.3 per cent from a year earlier, the government said on Friday. It shows the country is still grappling with deflationary pressure despite the Bank of...

Starbucks Corporation announced on Wednesday the nominations of President and Chief Executive Officer of Sam's Club (a division of Walmart), Rosalind Brewer; Executive Chairman of the LEGO Brand Group, Jørgen Vig Knudstorp; and CEO of Microsoft Corporation, Satya Nadella, to...

The Kroger Co. on Monday announced that its family of stores is hiring to fill an estimated 10,000 permanent positions in its supermarket divisions. The company also announced that its total active workforce grew by more than 12,000 associates in 2016....

Taiwan technology giant Foxconn is teaming up with Cupertino, San Francisco-based Apple to set up a display-panel manufacturing facility in the US with an investment of $7 billion, the media reported on Monday. "The facility could create between 30,000 and...

Chinese e-commerce giant Alibaba's Chairman Jack Ma, in a meeting with Pakistan Prime Minister Nawaz Sharif in Davos, has said that his company has a lot of interest in investing in the country. According to a ANI report: The two...

Walmart, which had announced a year ago it would close 269 under-performing stores, including 154 that employ  approximately 10,000 workers, in the United States, has now announced that it will add 10,000 retail jobs in the country this year. The announcement has won...

China's e-commerce giant Alibaba said on Tuesday that it has joined a group of 20 brands to fight counterfeit goods using data analysis. Alibaba said it was the first alliance to fight counterfeits and it includes both Chinese and international...

The world's largest glasses maker Luxottica has agreed to a 46 billion euro merger with rival French eye wear firm Essilor to create a global colossus with revenues of more than 15 billion euros, the firms said on Monday. Luxottica...

US-based e-commerce and cloud computing company Amazon has plans to create more than 100,000 new jobs in the US over the next 18 months, a media report said. The e-commerce giant, which employs 180,000 full-time US workers, said in a...